Talk of building reactors in Australia is breeding uncertainty and delaying decisions to back major solar and wind projects
Some investors are putting new clean energy investments in Australia on hold because of the lack of bipartisan support for renewables.Some investors are putting new clean energy investments in Australia on hold because of the lack of bipartisan support for renewables.Renewable energy investment figures have revealed growing worries the Coalition’s plans to build nuclear reactors in Australia is breeding uncertainty and is already delaying decisions to back major solar and wind projects.
On Wednesday, the Australian Academy of Technological Sciences and Engineering released a report saying SMRs were unlikely to be available commercially until the late 2030s and a mature market might emerge “during the mid to late 2040s”. Since the Coalition’s plans were made public, Jackson said “more than one” major investor had said they would be holding off on making an investment decision.
Jackson said: “The real risk is that we return to a situation where the lack of bipartisanship will see investments flow offshore, and Australia misses out on the jobs, training and opportunities from renewable energy.”In recent months, she said the group had seen “an increase in concern and commentary around the potential for policy uncertainty and the negative impacts that would have on investments in Australia.
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